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economy. >> no question. the economy for so many families in america have been very disappointing. many people are still looking for jobs. much of this is structural unemployment, as we've created more efficiencies in our factories, which means fewer jobs. so we have -- you know, we're still struggling with an 8-plus percent unemployment rate. that has to be part of the debate as to how -- what direction we go in the future. so it is my view, whoever is president in 2014 -- and i've been public about it. i am a democrat and voting for the president. >> you mean 2013? >> no, whoever is president in 2014, because my views of housing, my views in energy and my views on the banking system, i think we're going to have a rising economy. so i don't believe -- i think it's going to be -- we're going to have this success in our economy subject to working out our fiscal cliff, which we could spend a lot of time talking on. but i do believe the foundation for a stronger america is already here. >> larry,
economy. >> no question. the economy for so many families in america have been very disappointing. many people are still looking for jobs. much of this is structural unemployment, as we've created more efficiencies in our factories, which means fewer jobs. so we have -- you know, we're still struggling with an 8-plus percent unemployment rate. that has to be part of the debate as to how -- what direction we go in the future. so it is my view, whoever is president in 2014 -- and i've been...
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Oct 3, 2012
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we want it to help us, you know, to develop our economy and to develop the economy of the world. so what is good for the well-being of saudi arabia should be good for the well-being of the world too. so there's nothing wrong with that. >> and so what do you say to people out there like al gore and now mr. obama that say we have to devote ourselves-- devote ourselves to reducing our dependence on oil? >> my answer to this is, we have to be realistic. we don't have the alternatives today. if there are alternatives, be my guest and come and bring them in. but they are not there. >> you're saying whatever the world does in terms of wind, nuclear, coal, we're still gonna need oil, and a lot of it, no matter what? >> you're still going to need oil and a lot of it. >> politicians use this all the time that we're "addicted," addicted to foreign oil. and addiction has a dark connotation, because if you're addicted, there's a suggestion that there's a drug dealer who's trying to keep you hooked. it's in the air that you want to keep us hooked. >> there is nothing addictive about oil. if yo
we want it to help us, you know, to develop our economy and to develop the economy of the world. so what is good for the well-being of saudi arabia should be good for the well-being of the world too. so there's nothing wrong with that. >> and so what do you say to people out there like al gore and now mr. obama that say we have to devote ourselves-- devote ourselves to reducing our dependence on oil? >> my answer to this is, we have to be realistic. we don't have the alternatives...
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we may not be able to jump-start the economy. perhaps the best we can do is keep it from going into a free fall. that's a reality we're all contending with right now. >> all trying to figure out where we put our money in that scenario. lee, that for your time. lee partridge from salient partners. back to you guys. >>> there is mounting evidence that housing is really starting to turn the corner and the re-fi boom should also mean that more people are fixing up their homes. but is that really happening? we're going to stop in at the corner hardware store to find out. the family owner of one major store is about to tell you whether there is a surge in home improvements. that's next. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice bus
we may not be able to jump-start the economy. perhaps the best we can do is keep it from going into a free fall. that's a reality we're all contending with right now. >> all trying to figure out where we put our money in that scenario. lee, that for your time. lee partridge from salient partners. back to you guys. >>> there is mounting evidence that housing is really starting to turn the corner and the re-fi boom should also mean that more people are fixing up their homes. but is...
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yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it. our david faber is with them at the barefoot economic summit in larue, texas. >> i've joined by founder, cio of golden tree house and management. they're in bank loans, they're in bond, distressed investments, private equity structured products. credit is the name of the game when it comes to golden tree. 16 billion-plus in assets. talk about high-yield credit overall. high yield continues to have funds moving in to it. are we towards the end of this bull run? >> we certainly are in the end of the bull run of low default rates. i believe -- i'm not t
yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and...
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you believe that free market capitalism is the best way to grow the economy. i do too, susan. did that push you toward romney? >> absolutely. i think capitalism is the most efficient genius of american culture. and i feel that the current president doesn't see a problem that a government program can't solve. and i have much more faith in individuals. >> government trickle down. that is what the phrase that romney used. government trickle down zblin deed. >> i thought that was pretty darn clever. steve right here is cringing already about that. but government trickle down, susan. did that turn you off? >> yeah. very much so. and i think it's an accurate reflection of the philosophy of this administration. >> all right. how about the debate? we'll give you a few seconds. debate last night? please, not please? give me a quickie. >> i think you said it best, larry, when you said that the president's clock was politely cleaned. it was very -- it was visceral. it was in the room. it was clear that the president wasn't on his a game at all. you could see anytime his body language. yo
you believe that free market capitalism is the best way to grow the economy. i do too, susan. did that push you toward romney? >> absolutely. i think capitalism is the most efficient genius of american culture. and i feel that the current president doesn't see a problem that a government program can't solve. and i have much more faith in individuals. >> government trickle down. that is what the phrase that romney used. government trickle down zblin deed. >> i thought that was...
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what does that mean for the economy? this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%. >> let's keep it on topic, we're talking about the payroll tax cult which was done to stimulate payroll and consumption. >> and did nothing. >> i'm sorry, i actually see growth in certain sectors. we started the show talking about how good manufacturing -- you can't have it both ways. >> this has been the two worst recovery years in the history of the united states of america. >> it's stopped contracting. if you believe, i don't, jimmy does, but if you believe the payroll tax cuts stimulate consumption, what are you going to do when it'
what does that mean for the economy? this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%....
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economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the decision of the oracle board of directors. i believe we'll gradually increase the dividend as opposed to dublg it or tripling it all at once. nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all right, andrew. thank you. >>> my stories don't deserve that music? okay. thank you. you know what? i'm so nervous now and unsettled, i don't know what's coming. >> we've been working on new music, trying to find new things -- >> those drums, though. i'm
economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the...
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economy is doing better than the world right now. europe is not dealing with its fiscal problems, not dealing with the economic growth problems and i think there is still a lot of adjustments necessary in china and in asia because of the chinese problems and the united states we are gradually move ago long. we're gradually growing i think building momentum, particularly in housing and orders and i think that should allow the u.s. manufacturing sectors should be doing a bit better than around the world and that inneed is the days. >> do you believe we can hold onto growing plus 50 numbers through year end? i know barring all the vasslations in the individual data, can we built on this? >> it is a close call in manufacturing. of course we are affected by what's going on around the world in manufacturing. in the broader economy if you look at the housing sector, the consumer sector, various service sectors, yes, i think the u.s. economy can continue to grow steadily and pick up moment unas we get into next year. >> the market is reactin
economy is doing better than the world right now. europe is not dealing with its fiscal problems, not dealing with the economic growth problems and i think there is still a lot of adjustments necessary in china and in asia because of the chinese problems and the united states we are gradually move ago long. we're gradually growing i think building momentum, particularly in housing and orders and i think that should allow the u.s. manufacturing sectors should be doing a bit better than around...
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they'll drive the economy the wrong way. and when it came to closing loopholes, the only loophole he was willing to talk about, i wish he had talked about closing the kerry loophole. that would have been an interesting one. that's a big inexcusable one. but instead he said he'd get rid of big bird. as we all know, that's not going to do it. he's just not honest on either the tax side or the revenue side. but, look. i used to work at boston consulting group, too. mitt is a great presenter, and he made a good presentation last night. >> and i assume you have thoughts on -- and i don't want to get too much into the style because that is all anyone's talking about today. but you must have some explanation for why the president appeared the way he did and why he chose to leave out some bullet points that he could have pulled out of his pocket. >> sure, look. i think the president focused on the facts and focused on his accomplishments and his plans for the future. and he was very factual in what he did. and as many people have sa
they'll drive the economy the wrong way. and when it came to closing loopholes, the only loophole he was willing to talk about, i wish he had talked about closing the kerry loophole. that would have been an interesting one. that's a big inexcusable one. but instead he said he'd get rid of big bird. as we all know, that's not going to do it. he's just not honest on either the tax side or the revenue side. but, look. i used to work at boston consulting group, too. mitt is a great presenter, and...
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economy forecast growth next year is 2%, 2% minus 2% equals zero. you are pretty much at the recession stage. bo pelley: there are about 12.5 million americans who lost their jobs in the great recession. we have seen our economy in cecession or stumbling along since late 2007. and a lot of americans just want to know when does this end. >> well, i would say that there is good news lurking out there. and in particular the fact that he housing market is picking up is, in our view, a clear sign tiat the situation is improving. when you see that the financial institutions have been clearly strengthened, restructured and made a little bit safer and that ste housing market is picking up. that's not bad. >> pelley: not bad, but next week the i.m.f. is expected to theunce that it's lowering its forecast for world growth to 3% this year. two days before the first presidential debate a new poll irsthe "washington post" finds pe race still very tight nationwide with president obama leading mitt romney by two rints, 49% to 47%. but in two of the biggest swing t
economy forecast growth next year is 2%, 2% minus 2% equals zero. you are pretty much at the recession stage. bo pelley: there are about 12.5 million americans who lost their jobs in the great recession. we have seen our economy in cecession or stumbling along since late 2007. and a lot of americans just want to know when does this end. >> well, i would say that there is good news lurking out there. and in particular the fact that he housing market is picking up is, in our view, a clear...
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. >>> too many americans are struggling to find work in today's economy. my plan will create 12 million new jobs over the next four years. >> i'm mitt romney, and i approve this message >>> toll pohl ticks can be funny. i'll be back with more news an hour from now. "sanjay gupta, m.d.," begins right now. >>> all right, thanks for being with us. today amazing progress on the war on cancer. there are real cures being developed but they come with staggering cost. >>> also i hope you have a strong stomach for this. you're not going to believe what we found in the filthy restaurant play areas. >>> the fcc has asked the cell phones to update their safety. first medical care. this week we're going to see the first first debate between mitt romney and president obama. health care is a key issue, one of the biggest, in fact, and it's back in the spotlight this week after romney said people without insurance can always just go to an emergency room. now, with barely a month to go before the election, i wanted to zero in on what's at stake here. since president obama'
. >>> too many americans are struggling to find work in today's economy. my plan will create 12 million new jobs over the next four years. >> i'm mitt romney, and i approve this message >>> toll pohl ticks can be funny. i'll be back with more news an hour from now. "sanjay gupta, m.d.," begins right now. >>> all right, thanks for being with us. today amazing progress on the war on cancer. there are real cures being developed but they come with...
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what does this say about our economy and about what's going on in china? joins us is david, lenov ooleno president of north america. how did this get decided, and when does it all come down? >> what we will announce today is we're expanding or facility in north carolina to bring u.s. manufacturing starting in january through our think product portfolio. our think pad notebooks and think server workstations and servers. we're very excited about this. it's really bringing a differentiator for us versus the market. we believe there's a customer demand for u.s. manufacturing not only for the manufacturing presence but also what we could bring to differentiate ourselves around the customer experience that a local manufacturing plant provides us the flexibility to do. >> were these jobs that were elsewhere that are essentially being imported into the country, or are these new jobs? >> these will be new jobs we're creating. as you may not know, we're the faste fastest-growing pc player in north america for the last nine quarters and have expanded our presence in
what does this say about our economy and about what's going on in china? joins us is david, lenov ooleno president of north america. how did this get decided, and when does it all come down? >> what we will announce today is we're expanding or facility in north carolina to bring u.s. manufacturing starting in january through our think product portfolio. our think pad notebooks and think server workstations and servers. we're very excited about this. it's really bringing a differentiator...
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of occasional constipation. go to senokot-s.com for savings. those surprising little still make you take notice.. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may caus
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of occasional constipation. go to senokot-s.com for savings. those surprising little still...
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economy. we have seen head winds coming from slowing trade. >> reporter: if you combine imports and exports, the european union is our biggest trading partner. >> so we have a very strong interest in europe solving its problems. >> reporter: but the problem won't be solved quickly says ian brehmer who heads the eurasia group, a global research firm. what brings the europeans back to growth? no one started to address that issue. it's like saying what's going to bring the united states back to a healthy and manageable deficit. >> reporter: and the more imminent threat to the economy may be the so-called fiscal cliff. the ratings agency fitch has said uncertainty about u.s. fiscal policy is the single-biggest near-term threat to the global recovery. >> winston churchill once said that the americans always do the right thing but only after extinguishing every other possibility. that is precisely what the americans are doing here. >> reporter: bremmer believes washington won't go over that cliff, b
economy. we have seen head winds coming from slowing trade. >> reporter: if you combine imports and exports, the european union is our biggest trading partner. >> so we have a very strong interest in europe solving its problems. >> reporter: but the problem won't be solved quickly says ian brehmer who heads the eurasia group, a global research firm. what brings the europeans back to growth? no one started to address that issue. it's like saying what's going to bring the united...
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this one on domestic matters and the economy. it's already been a long race. voting is underway already in 34 states, and the polling numbers are still on the move. as you'll see in just a moment. first, we want to begin with peter alexander in denver where they're getting ready for the big moment tomorrow night. good evening. >> good evening to you. when president obama and mitt romney step on the stage behind me tomorrow night, it's going to be the first time they've seen each other face to face in nearly five years. to give you a sense of just how crucial his performance is, romney aids brought podiums into his hotel conference room late today to help him simulate the real thing. fueling up for an afternoon study session today. >> governor, are you ready for tomorrow? >> i'm getting there. >> reporter: he's been practicing 12kizingers to sharp critique the president, may have gotten help from an unlikely ally. vice president joe biden today. >> hugh they can justify raising taxes on the middle class has been buried the last four years. how in lord's name ca
this one on domestic matters and the economy. it's already been a long race. voting is underway already in 34 states, and the polling numbers are still on the move. as you'll see in just a moment. first, we want to begin with peter alexander in denver where they're getting ready for the big moment tomorrow night. good evening. >> good evening to you. when president obama and mitt romney step on the stage behind me tomorrow night, it's going to be the first time they've seen each other...
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the economy, because the economy's improving with the housing prices yesterday, consumer sentiment up yesterday and also, it fails to recognize that many of republican base, many of them, are social conservatives who care about the economy, but we also care about the moral and spiritual deterioration of our country and i believe that romney needs to speak out and show the distinction between the democrat form, which is embrace gay marriage, doubled down on abortion, which waffled about on whether to include god in the platform. there's never been a time there's a more stark contrast between a democrat and republican. i'm afraid if romney continues this course and doesn't stand and run on the republican flat form, i think a lot of evangelical voters may sit this one out. >> republican platform is against borgs in all caabortion. that's what most americans, the vast majority of americans agree with. are you saying that he should go against with the republican platfo platform, against abortion in all cases? >> i think he needs to make clear he believes in life. my personal view is murder
the economy, because the economy's improving with the housing prices yesterday, consumer sentiment up yesterday and also, it fails to recognize that many of republican base, many of them, are social conservatives who care about the economy, but we also care about the moral and spiritual deterioration of our country and i believe that romney needs to speak out and show the distinction between the democrat form, which is embrace gay marriage, doubled down on abortion, which waffled about on...
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. >> people are trapped in a bad economy. >> reporter: the incumbent, trying to paint the challenger as mr. 47%. >> i'm barack obama, and i approve this message. >> reporter: fat cat from the 1% who paid just 14% in his taxes. who you like in this final jeopardy round probably depends on which percent your in. do you even know? well, unless you earn more than $380,000 a year, you're officially part of the 99%. rock stars and athletes? they're just 1% of the 1%. wall street wizards, just 14% of the 1%. in fact, the 1% includes nearly twice as many doctors and lawyers. albert einstein said genius is 1% talent and 99% hard work. and the same is probably true for politics. at tonight's debate, a blizzard of percents. >> 93% of the businesses are not taxed at the 35% tax rate. >> reporter: all these perce percents -- >> it's mast. >> reporter: intended to make politics seem like facts that can't be argued with. >> like a sports analogy. it's odds, percentage chances. people have those percentages in their mind. they know their take-home pay. things that apply in their own life. >> reporte
. >> people are trapped in a bad economy. >> reporter: the incumbent, trying to paint the challenger as mr. 47%. >> i'm barack obama, and i approve this message. >> reporter: fat cat from the 1% who paid just 14% in his taxes. who you like in this final jeopardy round probably depends on which percent your in. do you even know? well, unless you earn more than $380,000 a year, you're officially part of the 99%. rock stars and athletes? they're just 1% of the 1%. wall...
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. >> and his take on president obama and the economy. how has he managed to avoid public retribution for not fixing the economy better than he has done? >> because this is not a normal time. >> plus his extraordinary work with the clinton global initiative. >> we don't have to produce miracles. all we have to produce is progress. we just keep pushing these rocks up the hill. >> is the world ready for a clinton back in the office? >> i can run for president of ireland because of my irish heritage. >> this is "piers morgan tonight." good evening. the most powerful man and woman in the world are gathered in new york tonight at the u.n. and across town at the clinton global initiative. president obama spoke at cgi today. we'll get to that in a moment. he had tough talk on iran's nuclear program. >> let me be clear. america wants to resolve this through diplomacy and we believe that there is still time and space to do so. but that time is not unlimited. >> with just 42 days to go until the election, mitt romney blasted iran in his speech to t
. >> and his take on president obama and the economy. how has he managed to avoid public retribution for not fixing the economy better than he has done? >> because this is not a normal time. >> plus his extraordinary work with the clinton global initiative. >> we don't have to produce miracles. all we have to produce is progress. we just keep pushing these rocks up the hill. >> is the world ready for a clinton back in the office? >> i can run for president of...
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from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. [ phillips' lady ] live the regular life. ♪ atmix of energies.ve the world needs a broader that's why we're supplying natural gas to generate cleaner electricity... that has around 50% fewer co2 emissions than coal. and it's also why, with our partner in brazil, shell is producing ethanol - a biofuel made from renewable sugarcane. >>a minute, mom! let's broaden the world's energy mix. let's go. >>> tonight, only in america. summer loving back from the past. ♪ summer loving had me a blast summer loving happened so fast ♪ >> he was too cool for school. she was a sweet, innocent new girl. john travolta and olivia newton john made "grease" a stupendous box office blockbuster. now they are reun
from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. [ phillips' lady ] live the regular life. ♪ atmix of energies.ve the world needs a broader that's...
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57% tell us the economy is in recovery. highest number we've recorded on that question. >> chuck todd already in denver, part of our team on the ground there. and he'll be part of our on air nbc news team tomorrow evening for our live coverage. that begins 9:00 p.m. eastern time. that's when we come on the air. 6:00 pacific here on this nbc station. >>> also tonight a big court ruling for voters in one of the states that passed a law requiring identification at the polls on election day. in pennsylvania, the tough new law is now on hold after a judge said it cannot be enforced on election day, which, of course, is just 35 days away now. more on this story from our justice correspondent pete williams. >> for months, voters have struggled to meet pennsylvania's strict new requirement for a government issued photo i.d. at the polls. a law democrats claim republicans pushed to suppress the turnout among poor and minority voters. first, voters without a driver's license would need a state issued i.d. card, because that's a secur
57% tell us the economy is in recovery. highest number we've recorded on that question. >> chuck todd already in denver, part of our team on the ground there. and he'll be part of our on air nbc news team tomorrow evening for our live coverage. that begins 9:00 p.m. eastern time. that's when we come on the air. 6:00 pacific here on this nbc station. >>> also tonight a big court ruling for voters in one of the states that passed a law requiring identification at the polls on...
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back, and the united states gets our economy back again. as i said earlier, just alone, if you build the infrastructure, it's directly related to our gdp. if we spend 2% of our gdp on infrastructure, it's directly related. it's short-sighted for us not to spend money on infrastructure. sadly the last money meant to be recovery, only $150 billion went to infrastructure, the rest was sprinkled all around. it's very tough. both of the parties have to get together. >> sean: how do they get together? >> they have to solve the problems, because it's their responsibility. we sent them to washington to solve problems, not to -- >> sean: let me ask you this. one party -- weir 40 cents of every dollar. every time you talk about, for example, fixing medicare, which is going bankrupt, we get an ad, granny's being thrown off the cliff. right? every time republicans say we've got to manage money with the epa, the president will say the republicans want dirty air and water. they don't care about kids with autism and down's syndrome. that's the narrative g
back, and the united states gets our economy back again. as i said earlier, just alone, if you build the infrastructure, it's directly related to our gdp. if we spend 2% of our gdp on infrastructure, it's directly related. it's short-sighted for us not to spend money on infrastructure. sadly the last money meant to be recovery, only $150 billion went to infrastructure, the rest was sprinkled all around. it's very tough. both of the parties have to get together. >> sean: how do they get...
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Sep 30, 2012
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what is your sense of the american economy? there are some signs that the economy is actually beginning to recover. housing is back. but yet the actual gdp numbers don't seem to move much. what do you think? >> there are some good sighs. housing has moved back a little bit. we've had a boon in energy. so -- and consumers have paid down a lot of debt. the bad side is there's an increasing government debt at the state and federal level. if you think back in 1982 this was a large outcry when the national debt passed 1 trillion. we're now adding 1 trillion per euro. soon the interest of the national debt could equal the whole amount in 1982 when you and i were here. i think it's a huge problem and a real problem. i'm hopeful that when the government forms that cob will address this problem. we've had such a polarized cob. that's part of the whole problem. the president can onto do so much. 've got to get congress in involved. the roadmap doesn't cut it down entirely. what i love about bain capital, we had republicans, democrats. re
what is your sense of the american economy? there are some signs that the economy is actually beginning to recover. housing is back. but yet the actual gdp numbers don't seem to move much. what do you think? >> there are some good sighs. housing has moved back a little bit. we've had a boon in energy. so -- and consumers have paid down a lot of debt. the bad side is there's an increasing government debt at the state and federal level. if you think back in 1982 this was a large outcry when...
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Sep 30, 2012
09/12
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you all say you're not happy with the economy at this point. what is different about a second term president obama than a first term? >> well, you are absolutely right. the president is not satisfied. we've come a long way from when we were losing 800,000 jobs a month in january of 2009 when he took office. we've now created five million private sector jobs. we're net positive in terms of jobs. the hole is huge, and we have to not only fill that hole, but create an economy in which the middle class has a chance, and candy, we're not going to get there by going back to the same policies we've had before. >> how are we going to get there? >> we're going to do it by responsibly dealing with these deficits while leaving money to invest and those things we need to grow -- education, research and development, clean energy technology. >> those aren't sort of specific proposals. what i'm asking you is -- >> let's talk about -- >> they haven't passed. >> 100,000 new math and science teachers. we need that to moveorward as a country. >> that's a goal tho
you all say you're not happy with the economy at this point. what is different about a second term president obama than a first term? >> well, you are absolutely right. the president is not satisfied. we've come a long way from when we were losing 800,000 jobs a month in january of 2009 when he took office. we've now created five million private sector jobs. we're net positive in terms of jobs. the hole is huge, and we have to not only fill that hole, but create an economy in which the...
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the economy? >> we're not going to be legalizing weed anytime soon. >> one question is whether this a amendment will drive some of those voters to support gary johnson, the former republican governor of new mexico, who is a strong advocate. >> look, t it's a domestic issu. i know this isn't the first high propro file attempt to legalize marijuana, so what's the track record? >> it hasn't been good. most recently in california, in the 'tea party election of 2010, polls said this measure might pass. california looked like it was on the verge. went down to defeat on election day. it's a significant tale for folks especially in a state this dopely divided, but what's fascinated is this way this is being pitched. they're really trying to put schools forward on the issue. it's a different tactic than we've seen in the past. >> well, i can't wait till it comes up during the debate because i just bet that it will as it should. thanks very much. >>> ahead, three americans were killed in afghanistan today.
the economy? >> we're not going to be legalizing weed anytime soon. >> one question is whether this a amendment will drive some of those voters to support gary johnson, the former republican governor of new mexico, who is a strong advocate. >> look, t it's a domestic issu. i know this isn't the first high propro file attempt to legalize marijuana, so what's the track record? >> it hasn't been good. most recently in california, in the 'tea party election of 2010, polls...
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Sep 27, 2012
09/12
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> time for the riddiiculust. tonight there is a whole new way to go overboard with your kid's birthday party. you have had the chuck e. cheese party. you have had the clown party. what is a bouncy house party? >> hang on. i'm familiar with clowns, i'm familiar with chunk e. cheese. but what's a bouncy house party? more importantly, how can i get invited to one? i've been to a pool party. who wants to go to a pool party? >> yawn. >> we are going to have a pool party with a gator. everybody comes. >> wait. that guy doesn't really take alligators to a pool party, does he? that can't be good for gators. we need a reporter to get to the bottom of
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> time for the riddiiculust. tonight there is a whole new way to go...
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what happened, it has been a horrible economy, a horrible recession. melissa: why thud anyone collect it after six months? why is it fair for some and not others? >> well it has been a choice congress made. it is a humanitarian choice. you can, there is pluses and minuses of it. on the downside, a year and a half worth of benefits does cause people to stay unemployed longer. on the plus side, it is a help to people who are in difficult situation. but you ought to say, all right, if we'll have this policy only should be targeted to those in difficult situation. melissa: how is it not a difficult situation? if you're making $100,000 a year. you own a house. you're paying a mortgage. you feed your kids. you clothe them. you have your monthly expenses. lose your job because of the economy. i mean what are you going to stop paying as a result? why are these people in any less of an unfortunate situation then someone else who makes less but maybe they have fixed costs per month also lower than the person who makes 100,000 a year? both cases are kind of in di
what happened, it has been a horrible economy, a horrible recession. melissa: why thud anyone collect it after six months? why is it fair for some and not others? >> well it has been a choice congress made. it is a humanitarian choice. you can, there is pluses and minuses of it. on the downside, a year and a half worth of benefits does cause people to stay unemployed longer. on the plus side, it is a help to people who are in difficult situation. but you ought to say, all right, if we'll...
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this debate is separated into six 15-minute segments focusing heavily on the economy. touching down in denver this afternoon, president obama has prepared more for these debates than any sitting president in the modern era. while anticipation builds at the tightly controlled debate site mitt romney fine tuned his message in private, advisers say, relaxing with three of his sons and fueling up on a peanut butter and honey sandwich. >> i believe that the 21st century can be better than the 20th. >> you can do that. it's your future. go claim it. >> reporter: outside the debate hall cameras caught a brief glimpse of the candidates' motorcades. their walkthroughs inside the 1500-seat arena, kept out of view. >> two, three, four, five. >> reporter: for days advisers from both sides have been negotiating details from lighting to the angle of the podiums. the rules even address which spouse will be introduced first. mrs. romney, then mrs. obama. and a coin toss determined the president will speak first with romney getting the last word. >> i'd ask the wealthy to pay a little
this debate is separated into six 15-minute segments focusing heavily on the economy. touching down in denver this afternoon, president obama has prepared more for these debates than any sitting president in the modern era. while anticipation builds at the tightly controlled debate site mitt romney fine tuned his message in private, advisers say, relaxing with three of his sons and fueling up on a peanut butter and honey sandwich. >> i believe that the 21st century can be better than the...
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Oct 4, 2012
10/12
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i'll call it the economy tax. it's been crushing. >> reporter: campaign aides say he will continue to hit obama hard on the economy and jobs. and will offer more specifics which they've been promising for some time. he is also ramping up spending on television after being outspent by the president more than two to one in swing states ask this morning released a new ad reinforcing his message in the debate. >> who will raise taxes on the middle class? according to an independent, nonpartisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. >> reporter: now, after the debate, his key advisers, romney's key advisers, said they were surprised the president didn't put up more of a fight. one told me they were ready for some of these attacks on bain capital. romney's comment about the 47% of americans who don't pay federal income taxes. those have featured prominently in the president's attack ads. last night, scott, he didn't mention either one. >> pelley: jan, thank you. vice presid
i'll call it the economy tax. it's been crushing. >> reporter: campaign aides say he will continue to hit obama hard on the economy and jobs. and will offer more specifics which they've been promising for some time. he is also ramping up spending on television after being outspent by the president more than two to one in swing states ask this morning released a new ad reinforcing his message in the debate. >> who will raise taxes on the middle class? according to an independent,...